GBP/CHF chart - Trading View
GBP/CHF spikes higher, trades above 1.20 mark at around 10:00 GMT, outlook bullish.
The British pound got an additional boost after UK regulators approved the use of the AstraZeneca/Oxford coronavirus vaccine.
Further, hopes for a strong global economic recovery in 2021, boosted market sentiment and undermined the safe-haven franc.
GBP/CHF has held support at 200-DMA and broken 2 straight session's of downside. Indicators have turned bullish.
Scope for test of major trendline resistance at 1.21. Break above to fuel further gains. Bullish invalidation only below 200-DMA.
